Archiv: corporation bonds

29.04.2020 - 18:42 [ Washington Post ]

The U.S. plans to lend $500 billion to large companies. It won’t require them to preserve jobs or limit executive pay.

Democrats asked for restrictions on how companies can use the money from the central bank’s bond purchases but were rebuffed by the administration during negotiations about the Cares Act, said a spokesman for Senate Minority Leader Charles E. Schumer (D-N.Y.).